Job description
Company
Federal Reserve Bank of Cleveland
The Federal Reserve Bank of Cleveland is part of the nation’s central bank and we’ve provided many opportunities for professional growth during our history.
For twenty-three years in a row, we’ve been named “One of Northeast Ohio’s Best Places to Work” by North Coast 99. This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications.
Our People Make the Difference! The Federal Reserve Bank of Cleveland is seeking innovative thinkers with vision to build the framework that will carry the Bank into the future.
Follow us on LinkedIn, Twitter, Instagram, and our YouTube channel – Cleveland Fed
Identifies and executes projects that innovatively leverage quantitative analytical tools and techniques to advance risk identification, financial stability, supervisory policy, and other areas of supervisory interest. Plays a central role in designing, developing, and conveying the results of models (including econometric, predictive, behavioral, simulation or other) to ensure identification of firm-specific, sector, and broader banking industry trends and risk developments in an informative, forward-looking, and critically focused manner. Leads efforts to distill large amounts of data, whether accessed through public or supervisory sources, into relevant, focused, and actionable information. Experience in statistics or econometrics, data mining, artificial intelligence, machine learning, and/or other emerging fields is preferred. Uses innovative data visualization methods for delivering findings and creates publication-quality reports and presentations for sharing results. Proven capability in developing relationships and working with business line partners.
Essential Accountabilities
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Develops predictive models using econometric modeling and data mining techniques (e.g., generalized linear models, classification trees, random forests, boosting, cluster analysis, factor analysis, shrinkage methods text mining and natural language processing) to measure, monitor and predict various measures of financial risk.
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Leads large-scale analytic projects through all stages of development, including formulating concepts, developing, and executing analysis plan, and reporting and presenting final research results.
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Leads transformation of large and complex datasets in a manner that is suitable for analysis.
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Visualizes and reports analytic findings using a variety of methods to promote understanding of key insights and actionable takeaways for both technical and non-technical audiences.
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Delivers formal presentations, create analytical reports and executive summaries of findings.
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Performs other duties as assigned or requested.
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Adheres to the Bank's attendance policies through regular and prompt attendance.
Education and Experience
Data Scientist: Bachelor's degree in Mathematics, Statistics, Data Science, Economics with an emphasis on statistics and 5+ years of related work experience OR Preferred - Master's degree in Mathematics, Statistics, Data Science, Economics with an emphasis on statistics and 3+ years of related work experience
Data Scientist II: Bachelor's degree in Mathematics, Statistics, Data Science, Economics with an emphasis on statistics and 7+ years of related work experience OR Preferred - Master's degree in Mathematics, Statistics, Data Science, Economics with an emphasis on statistics and 5+ years of related work experience
Knowledge and Skills - Advanced Level
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Experienced in application of advanced quantitative techniques in Data Science, Statistics or other quantitative field
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Ability to perform independent research with limited direction.
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Knowledge of banking and financial markets
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Experience with statistical programming using packages such as R, Matlab, Python or SAS
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Experience working with large data sets
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Communication skills - both written and verbal. Ability to deliver presentations and draft publication-quality reports.
Physical Demands and General Working Conditions
Employees typically sit most of the day, work with a computer and may answer/respond to phone calls. Physical movement consists of walking for meetings, breaks, etc. Ability to lift items weighing approximately 20 pounds on a limited basis is required. Employees may be required to travel by car/air.
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
Analytical
Work Shift
First (United States of America)
The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.
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